Supply Chain Risk Management: A Conceptual Framework and Empirical Validation

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Author(s): Sumeet Gupta (Indian Institute of Management, Raipur, India), Mark Goh (The Logistics Institute-Asia Pacific, National University of Singapore, Singapore), Robert De-Souza (The Logistics Institute-Asia Pacific, National University of Singapore, Singapore), Fanwen Meng (Center for Maritime Studies, National University of Singapore, Singapore)and Miti Garg (Logistics Institute-Asia Pacific, National University of Singapore, Singapore)
Copyright: 2014
Volume: 7
Issue: 3
Pages: 23
Source title: International Journal of Information Systems and Supply Chain Management (IJISSCM)
Editor(s)-in-Chief: John Wang (Montclair State University, USA)
DOI: 10.4018/ijisscm.2014070101

Keywords: Business & Management / Business Information Systems / Business Science Reference / Supply Chain Management

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Abstract

Increasing globalization of the supply chains is making them increasingly vulnerable to various supply chain risks. Effective management of these risks is essential to prevent minor as well as major risks that may occur in day-to-day operations of the firm. In this paper an attempt is made to bring out a schema for analyzing supply chain risks faced by the firm and develop a risk management action framework that would serve as a guide for practitioners to identify the level at which their firms are operating and the strategies they need to employ to combat or prevent supply chain risks. The data is collected by means of an online as well as an event survey from logistics managers of various supply chain firms. Indeed Singaporean firms need to properly document these supply chain risks. Moreover, there are gaps in specific areas where Singaporean firms can improve themselves and thus become globally effective corporations.

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